Ernströmgruppen has reached an agreement to acquire all shares in Termorens AS, which specializes in minimizing the occurrence of bacteria in drinking water. Termorens is Ernströmgruppen’s second acquisition in Norway this year as well as the second add-on acquisition for Armaturjonsson under the business area Water & Heating.
In drinking water installations, Termorens serves to reduce the risk of bacteria, especially legionella. The company has created its own system, advertised as Legioterm, that successfully satisfies legal standards for fighting legionella without the use of heavy metals or chemicals by using anodic oxidation technology. The company has also developed a biodegradable cleaning fluid that has proven to be very effective in closed heating and cooling systems. Termorens, which was founded in 1994, will continue to operate under its current management in Skien, southwest of Oslo.
The acquisition contributes to our strategic focus to create a more sustainable society through our ambition to build better companies for future generations. Through the acquisition, we are increasing our contribution to the UN’s sustainability goal of access to clean water. “The importance of securing optimal operation in buildings is becoming more and more crucial. Termorens has proven to have cost-effective equipment and technology that successfully reduce the risk of legionella outbreaks in drinking water. Together, we will be able to offer a wide package of water cleaning for all types of buildings´´, says Kjell Bernt Kalland, head of business area Water & Heating.
The co-owner and CEO Thore Andreassen comments on the acquisition, saying, “My wife and I, along with our talented employees, have driven the company to what it is today. It was time for us to find a partner who shares our values and has the same interest in facilitating and ensuring that construction is done from as favorable a perspective as possible in terms of bacterial growth in drinking water. We are happy that we found what we were looking for in our new owner and believe that together we will develop the business further“.